Wednesday, May 08, 2013

A thought from Larry Summers on Economics Research

In the future, authors and journals and commentators need to devote more effort to replicating significant results before broadcasting them widely. More generally, no important policy conclusion should ever be based solely on a single statistical result. Policy judgments should be based on the accumulation of evidence from multiple studies done with differing methodological approaches.
Huffington Post Business, May 6, 2013

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